New Scientist article Chinese companies are making huge amounts of money from oil and gas extraction, mining, and tourism, all of which they control through state-controlled enterprises.
These activities are the main source of revenue for state-run enterprises.
China’s state firms have been in control of most of these enterprises since the late 1980s, when they were privatised.
China’s leaders have always tried to maintain the status quo by protecting these state-dominated enterprises from competition.
The recent crackdown on the firms has increased the concentration of these companies in one place.
But some analysts have suggested that this has actually weakened them.
How much do the Chinese state firms make?
There are about 10,000 companies registered in China with a combined turnover of about $40 trillion.
They include oil companies, mining companies, construction companies, and energy companies.
All of these firms are state-linked.
But, because of the current concentration, there is now less competition between them.
Some of these state firms also have the ability to set prices and to influence other companies in China, including foreign firms.
These state-backed firms also earn money through dividends.
The Chinese state companies have had more than a hundred billion yuan ($13.7 billion) in profits since the early 2000s.
China has a population of about two billion and an economic output of about 200 trillion yuan ($31 trillion).
These figures are comparable to the US, the UK, France, Germany, and Japan.
But these figures are misleading because the average Chinese person doesn’t know much about China.
It is impossible to know exactly how much Chinese state-sponsored firms make because they are so secretive.
What are the risks?
The government has been trying to contain the damage caused by the crackdown.
The government has announced new regulations and measures to protect companies and workers from corruption.
In May 2018, the state-managed Chinese stock exchanges suspended trading for five days, and foreign investment in China has been restricted.
However, this has not prevented the firms from making money.
There are also fears that the new regulations will hurt China’s economy.
The state-funded firms may not be able to raise enough capital to continue operations.
In the past, foreign firms have tried to take advantage of this.
They have bought up companies, then transferred the ownership to foreign investors and then used the companies to buy up shares in Chinese state owned firms.
The result is a cycle of corruption.
Chinese state-regulated firms have faced a series of regulatory problems since the beginning of the new decade.
Many of the companies have faced difficulties in dealing with the authorities.
In March 2018, a Chinese company called Tianjin Electric Power Group Ltd.
was accused of corruption by the Securities and Exchange Commission.
Tianjin also received a subpoena from the National Bureau of Investigation in November 2018, for the first time in the company’s history.
A week later, another Chinese company, Shenzhen Tencent Group, was found to have used the same tactic, as it allegedly tried to buy out other companies that were controlled by the State Council.
The Securities and Emoluments Commission also took the matter to the Foreign Exchange Management Agency.
The SEC announced in August 2018 that the Chinese government was considering new regulations to address the problems at state-sanctioned companies.
In August 2020, the Financial Supervisory Commission announced it would review the regulatory environment in the sector.
It is not clear how the new regulatory framework will affect the companies.
But analysts have predicted that it will slow down the development of Chinese companies in the oil and natural gas industries.
In 2018, China’s stock markets closed in a bear market.
China is the world’s second-largest oil producer, and it is also the world market for natural gas.
But because of its economic difficulties, it has been unable to increase its oil and coal production.
In addition, the Chinese authorities have not been able to control the price of oil.
The country has been experiencing a glut of oil, so it is difficult to predict when this will stop.
In 2018, oil prices were below $40 a barrel.
But in the summer of 2018, when oil prices started rising again, China decided to limit the price.
As a result, oil production fell by about one-fifth in 2020.
This has made it more difficult for China to raise the money it needs to invest in the economy.